서지주요정보
인수, 합병 시너지효과 연구 : 국민, 주택은행 합병사례 실증분석 = Analysis of M&A synergy effects : case study of kookmin & korea housing bank merger
서명 / 저자 인수, 합병 시너지효과 연구 : 국민, 주택은행 합병사례 실증분석 = Analysis of M&A synergy effects : case study of kookmin & korea housing bank merger / 박성호.
저자명 박성호 ; Bak, Seong-Ho
발행사항 [대전 : 한국과학기술원, 2004].
Online Access 비공개원문

소장정보

등록번호

8015389

소장위치/청구기호

학술문화관(문화관) 보존서고

MGSM 04091

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도서상태

이용가능

대출가능

반납예정일

등록번호

9009728

소장위치/청구기호

서울 학위논문 서가

MGSM 04091

SMS전송

도서상태

이용가능

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반납예정일

초록정보

The merger between Kookmin and Korea Housing bank was remarkable because the biggest bank ever existed in Korea was established through the merger. Of course, the purpose of that merger was to create synergy effects as that of other mergers. But, many industry specialists doubted whether it could really create synergy effects. In this paper, the synergy effects of a merger between Kookmin and Korea Housing bank was measured by mean adjusted return method. By mean adjusted return method, abnormal return to the stockholders that arises by the merger event was measured and that return was considered as ‘Synergy effects’ expected by stockholders. Ant then, the abnormal return was converted to the amount of cash flow through which we could estimate how big the synergy effects are. But, only the fact that stockholders expect synergy effects to the merger does not justify that this merger is worth of being promoted. So, in this paper, operational efficiency of those two parties was measured and the effects of improvement of operational efficiency were compared with the synergy effects. By doing this job, we could see whether this merger is worth of being promoted and if there are ways other than mergers that can increase the stockholder’s value.

서지기타정보

서지기타정보
청구기호 {MGSM 04091
형태사항 x, 68 p. : 삽도 ; 26 cm
언어 한국어
일반주기 부록 : 국민, 주택은행 및 종합 주가지수 데이터 (Event period, clean period)
저자명의 영문표기 : Seong-Ho Bak
지도교수의 한글표기 : 정구열
지도교수의 영문표기 : Koo-Yul Jung
학위논문 학위논문(석사) - 한국과학기술원 : 테크노경영전공,
서지주기 참고문헌 : p. 67-68
주제 인수, 합병 시너지효과
M&A SYNERGY EFFECTS
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